Adani Ports & Special Economic Zone rose 0.52% to Rs 434.40 at 9:40 IST on BSE after the company said that its board will meet on 13 November 2017 to consider issuing non-convertible debentures by private placement basis.
The announcement was made after market hours yesterday, 7 November 2017.Meanwhile, the S&P BSE Sensex was up 78.40 points or 0.23% at 33,449.16.
On the BSE, 10,484 shares were traded on the counter so far as against the average daily volumes of 4.65 lakh shares in the past one quarter. The stock had hit a high of Rs 436 and a low of Rs 432.60 so far during the day. The stock had hit a record high of Rs 443.35 on 6 November 2017. The stock had hit a 52-week low of Rs 246 on 21 November 2016.
The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.
Adani Ports & Special Economic Zone said that its board of directors will meet on 13 November 2017 to consider issuing non-convertible debentures by private placement basis in one or more tranches within the limits approved by the shareholders at the AGM on 9 August 2017.
Adani Ports & Special Economic Zone's (APSEZ) consolidated net profit fell 13.7% to Rs 710.25 crore on 50.3% rise in net sales to Rs 2745.14 crore in Q1 June 2017 over Q1 June 2016.
Adani Ports and Special Economic Zone is India's largest port developer and the logistics arm of Adani Group.
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